Ethereum Classic (ETC) Set To Attract Developers By Adding Tools For Creating Dapps

The network of Ethereum Classic (ETC) is once again taking the same path of Ethereum (ETH) by launching its set of tools required to create decentralized applications (Dapps). The developers of the blockchain project recently launched its new tool – Emerald Software Development Kit.

The new development kit of Ethereum Classic (ETC) is directly from the development team, with beginner instructions. Nevertheless, there are warnings that Ethereum Classic (ETC) is a network and a digital currency used primarily for speculation. The blockchain of Ethereum Classic carries about 50,000 transactions in twenty-four hours.

This is about 10x time lower than that of Ethereum (ETH), and the activity of decentralized applications will be affected. In the blockchain of Ethereum, users of decentralized applications are still limited to a few hundreds of transactions in twenty-four hours, even for the most used and popular applications.

The Ethereum Classic (ETC) blockchain will keep its mining component, while Ethereum (ETH) is aimed at phasing out mining in the next couple of years. Lately, there have been discussions of the blockchain being mined by ASICS, increasing its resistance to attacks and improving its security.

Also, the hashrate of Ethereum Classic (ETC) has been relatively flat at about 16 TH/s – and this is over 10x lesser than that of Ethereum (ETH). After the updates and news materialized during the Ethereum Classic (ETC) summit on the 12th and 13th of September, the value of the digital currency is still capped at the $12 mark in the market.

At the time of writing, Ethereum Classic (ETC) is trading at $11.10 after a decrease of less than one percent over the past twenty-four hours. The digital currency is currently holding the number 15th spot on the list of top digital currencies with a market cap of 1.16 billion with a trading volume of $144.76 million over the past twenty-four hours.